UGI Correlations

UGI Stock

USD 30.09 0.11 0.37%

The current 90-days correlation between UGI Corporation and NewJersey Resources is 0.52 (i.e., Very weak diversification). The correlation of UGI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

UGI Correlation With Market

Modest diversification

The correlation between UGI Corp. and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UGI Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UGI Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with UGI Stock

0.67	NI	NiSource	Pair Corr
0.76	SR	Spire Inc	Pair Corr
0.78	NFE	New Fortress Energy	Pair Corr
0.66	AY	Atlantica Sustainable	Pair Corr
0.78	CDZIP	Cadiz Depositary Shares	Pair Corr
0.85	ELLO	Ellomay Capital	Pair Corr
0.61	ENLT	Enlight Renewable Energy	Pair Corr

Moving against UGI Stock

0.66	DUKB	Duke Energy Corp	Pair Corr
0.6	OPAL	OPAL Fuels	Pair Corr
0.59	SO	Southern	Pair Corr
0.58	CMS-PB	Consumers Energy	Pair Corr
0.58	CMS-PC	CMS Energy	Pair Corr
0.56	SR-PA	Spire Inc	Pair Corr
0.55	ED	Consolidated Edison	Pair Corr
0.53	ES	Eversource Energy	Pair Corr
0.53	FE	FirstEnergy	Pair Corr
0.52	D	Dominion Energy	Pair Corr
0.49	VGAS	Verde Clean Fuels	Pair Corr
0.37	RGCO	RGC Resources	Pair Corr
0.32	HE	Hawaiian Electric	Pair Corr
0.71	EBR	Centrais Electricas	Pair Corr
0.68	DTW	DTE Energy	Pair Corr
0.67	AES	AES	Pair Corr
0.65	CWT	California Water Service	Pair Corr
0.64	BEP	Brookfield Renewable	Pair Corr
0.61	ELPC	Companhia Paranaense	Pair Corr
0.59	AQN	Algonquin Power Utilities	Pair Corr
0.58	AWK	American Water Works	Pair Corr
0.54	CIG	Companhia Energetica	Pair Corr
0.52	AWR	American States Water	Pair Corr
0.46	BIP	Brookfield Infrastructure	Pair Corr

Related Correlations Analysis

	NJR	ATO	CPK	SR	NWN	OGS	NIMC	UGIC	NI
NJR		0.86	0.94	0.88	0.95	0.76	-0.69	-0.21	0.77	NJR
ATO	0.86		0.83	0.64	0.86	0.92	-0.56	-0.06	0.62	ATO
CPK	0.94	0.83		0.75	0.97	0.79	-0.72	-0.22	0.7	CPK
SR	0.88	0.64	0.75		0.74	0.45	-0.63	-0.4	0.87	SR
NWN	0.95	0.86	0.97	0.74		0.83	-0.69	-0.11	0.63	NWN
OGS	0.76	0.92	0.79	0.45	0.83		-0.4	0.19	0.37	OGS
NIMC	-0.69	-0.56	-0.72	-0.63	-0.69	-0.4		0.51	-0.68	NIMC
UGIC	-0.21	-0.06	-0.22	-0.4	-0.11	0.19	0.51		-0.67	UGIC
NI	0.77	0.62	0.7	0.87	0.63	0.37	-0.68	-0.67		NI
	NJR	ATO	CPK	SR	NWN	OGS	NIMC	UGIC	NI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NWN	+ 0.97	CPK
NWN	+ 0.95	NJR
CPK	+ 0.94	NJR
OGS	+ 0.92	ATO
SR	+ 0.88	NJR
NI	+ 0.87	SR

High negative correlations

NIMC	- 0.72	CPK
NIMC	- 0.69	NWN
NIMC	- 0.69	NJR
NI	- 0.68	NIMC
NI	- 0.67	UGIC
NIMC	- 0.63	SR

Risk-Adjusted Indicators

There is a big difference between UGI Stock performing well and UGI Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze UGI's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NJR	0.96	0.04	0.03	0.12	1.20	(1.05)	2.17	(1.62)	7.20
ATO	0.81	0.05	0.04	0.20	1.01	(0.88)	1.94	(1.70)	5.58
CPK	0.99	0.05	0.03	0.14	1.37	(1.03)	2.32	(1.99)	8.69
SR	1.17	0.11	0.05	0.37	1.74	(1.11)	2.57	(2.63)	9.26
NWN	0.97	0.01	0.00	0.05	1.25	(1.04)	1.86	(1.65)	9.06
OGS	1.06	0.01	0.00	0.06	1.40	(1.09)	1.96	(1.92)	10.43
NIMC	0.60	(0.01)	(0.03)	(0.20)	0.78	(0.66)	1.07	(1.11)	5.53
UGIC	1.47	(0.27)	0.00	(0.31)	0.00	0.00	2.61	(3.02)	12.21
NI	0.86	0.16	0.14	0.47	0.87	(0.96)	1.90	(1.94)	5.02

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